GS: G10 FX – London Spot Trader Views

From the FXWW Chatroom – USD firmly bid across the board after the Fed raised rates for the first time in nearly a decade. US equities closed higher on the day and Asian bourses are trading well (NKY and SHCOMP ~+1.6) while Crude remains under pressure. Our bias is to play tactically long USD, with USDJPY and cable our favourite expressions. Today brings Sweden labour market, Norgesbank, UK Retail Sales, US CA and Philly Fed.
{JN} USDJPY Higher => We like to see the pair higher ahead of BoJ tomorrow with a bias to buy on dip toward 121.70/80. Support stays at 121.50/30 while first resistance lies at 123.30/40.
{GB} GBPUSD Lower => After Fed hike, cable eventually succumbed to minor USD strength bouncing on the support at 1.4920. It remains one of the cleanest long USD on the back of an hawkish Fed and disappointing UK wage data. Support at 1.4920 with fade zone 1.5020/40 and resistance the post fed highs 1.5100. EURGBP 0.7200 – 0.7305.
{EU} EURUSD Lower => Fed finally lifts off but the market is still too damaged after ECB’s disappointment to really engage with FC largely unch post the big event. On the topside the key level is 1.1013, although bias is to stay short Eurusd now with 1.0890/1.09 a good level to add this morning if we see it.
{AU} AUDUSD Lower => We still like the pair lower and key levels for the session are: support is at AUDUSDs triple bottom 0.7160/60/63 ahead of 0.7080/90 while 0.7275/85 is still resistance above.
{CA} USDCAD Higher => We continue to like USDCAD higher with WTI under pressure yday after EIA storage data showed a climb in inventories. Key levels for today’s session: resistance at 1.3843/50 and support at 1.3770/50.
{NZ} NZDUSD Neutral => Q3 GDP in NZ came in a touch higher versus consensus raising the bar the littler bit further on additional OCR cuts. We remain neutral on the pair. Today’s key levels are 0.6990 on the topside with 0.6700 on the downside.